The ferrel (big round end) sits in two holes with cable between the "U" shape of it, with those "ears" bent back down, but not tight, so as not to pinch cable.
When I looked at it the the first time I though to myself it looks bent, then as usual I overthink something and figure, there must be a reason why it is angled like that, I'm sure the Yamaha engineers designed it for a reason. HA!!!